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Leverage Factor

In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...

Coupon Leverage

In relation to floaters and inverse floaters (and other similar floating rate instruments such as inverse floating-rate CMO), it is...

Zero-Coupon Convertible

A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In…

Payment-In-Kind Security

A debt instrument (security) that gives the issuer the option to pay interest (coupon) either in cash (any form of…

FROG

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

Boosted Range Accrual Note

A range note that pays the holder an extra coupon for each period when the underlying index moves above a…

Tranche Coupon

The coupon (interest) that a tranche carries as compensation for its holder (investor) commensurate to the risk profile of the...

Bermuda Swaption

A type of callable LIBOR exotic in which the underlying instrument is a plain-vanilla fixed-for-floating swap. Therefore, the coupon at…

Floating Rate On Governments

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

Election Warrant

A warrant whose ultimate payoff or redemption value is likely to be determined based on the results of an election.…